Here's the severance package Oracle offered laid-off US employees
Oracle's severance package appears less generous than policies at its peer companies, recently viewed by BI.
Oracle initiated another round of layoffs on Monday, escalating costs associated with its data center expansion. The company's severance package for laid-off US employees consists of four weeks' base salary, supplemented by an additional week for each year of employment, up to a maximum of 26 weeks of salary. This arrangement is reportedly less generous compared to the severance policies of Oracle's competitors, such as Salesforce, Microsoft, and Google.
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